A builder floor apartment is a residential unit in a low-rise independent building that has a few other flats. The number of floors is generally two-four. Such a floor can be developed by the builder on its own or in collaboration with the land owner. We can call it is a section of a villa. Builder floor apartments have gained huge popularity especially among the people who want to rent because each person gets to take his own floor and this gives a sense of privacy and freedom. The high demand for builder floors has not only made it popular among the locals but among the NRIs too who eventually rent it out too working professionals for a source of income.
The USP of builder floors is that it allows one to own an independent dwelling unit without having to pay hefty amounts required for independent villas or bungalows. The price difference between an independent villa and the builder floor makes it a lucrative option for all those who want better lifestyle at limited costs. Along with the privacy and luxury of an entire floor to you also comes the freedom from paying maintenance fees and other charges commonly applicable in high rise apartment. The builder floors accord one the freedom to choose the locality of the house in more developed areas of the city.
Here below are zones in Bangalore for investing in Builder floors.
North Bangalore has seen serious investments in residential and commercial properties. The presence of the international airport and close proximity to IT parks especially in Devanahalli has helped in boosting the real estate demand. Well-developed social and physical infrastructural development has resulted in working professionals looking for rental properties here. Localities such as Hennur, Hebbal, RT Nagar and Horamavu are highly in demand for rental properties especially for builder floors. The rent for a standard 2 BHK builder floor apartment is in the price of range of Rs 12,000 – 16,000 per month.
Southern Bangalore is known for its tremendous potential in the real estate sector especially in localities such as JP Nagar, Silk Board, Electronic City and HSR Layout. With a strong infrastructural growth and the presence of the necessary amenities, it has successfully attracted people to rent out builder floors. Industrial development and Special economic zones will further boost the realty demand here. The rent of a standard 2BHK builder floor apartment is in the price range of Rs 11,000 – 15,000 per month in South Bangalore.
The Industrial hub West Bangalore is one of the more populated areas in the Bangalore. West Bangalore is also known for its strong educational sector with various research institutes. Localities such as Raja Rajeshwari Nagar, Mysore Road and Kengeri offer a variety of residential properties for both buying and renting. The strong physical and social infrastructure has attracted several working professionals to rent out builder floors in the area. A standard 2 BHK builder floor apartment is in the price range of Rs 10,000 – Rs 15,000 per month.
The returns that can be expected from the sale of builder floors are much higher in terms of total percentages as the entire floor is being disposed at a time. Additionally the strong infrastructure has also helped in creating demand and boosting the real estate growth in this area. With builder floors being sold fast, this might just be the time to invest in one to secure a constant income.
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